Published: 19:01 03.10.2008 GMT+2 /HUGIN /Source: FORTIS /BXS: FORB /ISIN: BE0003801181
Fortis statement on transaction with Government of the Netherlands
Dutch Government acquires Fortis Bank Nederland (Holding) N.V., including Fortis' interest ABN AMRO Holding N.V., and the Dutch Insurance activities
The Government of the Netherlands has acquired Fortis Bank Nederland (Holding) N.V., including the participation in RFS Holdings, that represents the acquired ABN AMRO activities, Fortis Verzekeringen Nederland N.V., and Fortis Corporate Insurance N.V. for a total consideration of EUR 16.8 billion. The transaction replaces the previously announced investment of EUR 4 billion in Fortis Bank Nederland Holding N.V.. We also refer to the press release issued by the Government of the Netherlands. Further details about the transaction will be provided in due course. Fortis is an international provider of banking and insurance services to personal, business and institutional customers. We deliver a total package of financial products and services through our own high-performance channels and via intermediaries and other partners. We have a presence in over 50 countries and a dedicated, professional workforce of more than 65,000. More information is available at www.fortis.com.
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